Pneumococcal Vaccine Market Report and Forecast 2025-2034

The pneumococcal vaccine market size was valued at USD 8.61 Billion in 2024, driven by the emphasis on preventing invasive pneumococcal disease like pneumonia and meningitis across the 7 major markets. The market is expected to grow at a CAGR of 4.90% during the forecast period of 2025-2034, with the values likely to rise from USD 13.89 Billion by 2034 .

Pneumococcal Vaccine: Introduction

Pneumococcal vaccine is used to prevent pneumococcal disease, which is caused by the Streptococcus pneumoniae bacteria. This bacterium colonises the human respiratory tract and can induce both invasive (such as pneumonia, meningitis, bacteraemia) and non-invasive diseases (such as acute otitis media and sinusitis). Invasive diseases can even to hospitalisation and morbidity in patients.

There are two common types of pneumococcal vaccines used, namely pneumococcal conjugate vaccines (PCVs, specifically PCV15 and PCV20) and pneumococcal polysaccharide vaccine (PPSV23). PCV13 or PCV15 is commonly recommended to children younger than 2 years of age.

Pneumococcal Vaccine Market Analysis

Pneumonia accounts for 14% of children's deaths aged 5 years or younger. To curb this burden of mortality rates, researchers have been working towards effective vaccine solutions for infants and children. In April 2023, Pfizer's 20-valent pneumococcal conjugate vaccine, PREVNAR 20®, received FDA approval. This vaccine offers the broadest serotype coverage of any pediatric pneumococcal conjugate vaccine. It is built on PREVAR 13 and contains seven additional serotypes, related to antibiotic resistance and increased diseases severity.

The pneumococcal vaccine market value is also expected to grow with continuous advancements in the existing vaccines. Pneumovax 23™ by Merck helps against fighting 23 types of pneumococcal bacteria. In August 2023, Merck revealed that their investigational 21-valent PCV called V116 showcased significant immune responses in Phase 3 trials. It was applied on both, previously vaccinated and vaccine-naïve adults.

In April 2023, Vaxcyte reported that their 24-Valent Pneumococcal Conjugate Vaccine Candidate, VAX-24, designed specifically for patients 65 years or older showed positive data from the phase 2 study.

The technology used to create vaccines is experiencing a transition especially during the COVID-19 era. Researchers have started using novel techniques like ‘Multiple Antigen Presenting System', or MAPS to create vaccines. This also indicates that the pneumococcal vaccine market demand will grow with the arrival of improved vaccines for quality treatment in patients.

Pneumococcal Vaccine Market Segmentation

Global Pneumococcal Vaccine Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Vaccine Type

• Conjugate vaccine
• Polysaccharide vaccine

Market Breakup by Product Type

• Prevnar 13
• Synflorix
• neumovax23

Market Breakup by Distribution Channel

• Distribution partner companies
• Non-governmental Organizations
• Government Authorities

Market Breakup by Region

• United States
• EU-4 and the United Kingdom
• Germany
• France
• Italy
• Spain
• United Kingdom
• Japan

Pneumococcal Vaccine Market Overview

The United States, with a well-developed infrastructure and being home to prominent healthcare companies, has dominated the pneumococcal vaccine market share in the historic period. With awareness campaigns and initiatives set up government and healthcare institutions, the population has become more accepting towards vaccinations. This has led to better vaccination rates in the region. In addition, the COVID-19 outbreak has made human bodies more susceptible to respiratory diseases, therefore, the demand for pneumococcal vaccine has surged.

Europe is expected to lead the market with the growing research and developments in the healthcare system. In April 2023, Spain hosted the 2nd Global Forum on childhood pneumonia which focused on preventing the fatal disease by providing vaccinations and medications to middle and low-income countries.

The Asia Pacific region is projected to have the highest pneumococcal vaccine market growth with several government initiatives to make the population undertake vaccinations. One such initiative is the SAANS (Social Awareness and Action to Neutralise Pneumonia Successfully) campaign by the Indian government, which spreads information on pneumonia prevention. Moreover, the region is also developing a robust infrastructure that supports advanced medical research and development for improved patient outcomes.

Pneumococcal Vaccine Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• GlaxoSmithKline, Plc.
• Sanofi
• Merck & Co.
• Panacea Biotech
• Pfizer Inc
• PnuVax Incorporated
• SK bioscience
• Walvax Biotechnology Co.
• Beijing Minhai Biotechnology Co.
• Serum Institute of India

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